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Publish Date: Thu, 20 Jul 2023, 01:52 AM
AUD/USD Intraday: key resistance at 0.6790.
Pivot:
0.6790
Our preference:
Short positions below 0.6790 with targets at 0.6750 & 0.6735 in extension.
Alternative scenario:
Above 0.6790 look for further upside with 0.6805 & 0.6820 as targets.
Comment:
As long as the resistance at 0.6790 is not surpassed, the risk of the break below 0.6750 remains high.
Gold Intraday: bullish bias above 1969.00.
Pivot:
1969.00
Our preference:
Long positions above 1969.00 with targets at 1984.00 & 1990.00 in extension.
Alternative scenario:
Below 1969.00 look for further downside with 1962.00 & 1955.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
Crude Oil (WTI) (U3) Intraday: the downside prevails.
Pivot:
76.05
Our preference:
Short positions below 76.05 with targets at 74.60 & 73.80 in extension.
Alternative scenario:
Above 76.05 look for further upside with 76.70 & 77.15 as targets.
Comment:
The RSI is bearish and calls for further decline.
EUR/USD Intraday: the downside prevails.
Pivot:
1.1220
Our preference:
Short positions below 1.1220 with targets at 1.1180 & 1.1165 in extension.
Alternative scenario:
Above 1.1220 look for further upside with 1.1235 & 1.1255 as targets.
Comment:
The RSI calls for a new downleg.
GBP/USD Intraday: key resistance at 1.2970.
Pivot:
1.2970
Our preference:
Short positions below 1.2970 with targets at 1.2900 & 1.2870 in extension.
Alternative scenario:
Above 1.2970 look for further upside with 1.3000 & 1.3030 as targets.
Comment:
As long as 1.2970 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: bullish bias above 139.35.
Pivot:
139.35
Our preference:
Long positions above 139.35 with targets at 140.00 & 140.20 in extension.
Alternative scenario:
Below 139.35 look for further downside with 139.10 & 138.80 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.